Available as a standalone solution or as an add-on to Syn∽Finance, Syn∽FTT is designed specifically for calculating, reporting and paying global financial transaction taxes. This gives you the ability to process FTT across business lines, asset classes and regions.
· True STP capabilities
· Task driven role based workflow
· Intelligent exception management
· Easily interface with and validate trade data from multiple sources.
· Configurable rules to identify tax or exemption applicability
· Rule driven charge schedules for correct tax rate application
· Flexible trade netting per tax country, to allow optimization by client of firm
· Reprocessing capabilities to correctly apply amendments
· Declarations formatted by custodian and reporting agent
· Reconciles tax taken vs tax paid (market and client side)
· Run global tax operations, across business lines, across regions in one system
· Easy deployment via a URL and Browser means that your IT resources do not need to spend time installing or updating software